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2016 (3) TMI 1163 - HC - Income TaxAppeal admitted on following substantial questions of law :- "[A] Whether, on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in law in directing the Assessing Officer to treat the assessee as trader for some of the transactions and as an investor for some of the transactions? [B] Whether, on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in law in directing the Assessing Officer to treat the sum of ₹ 1,06,96,159/- as long term capital gain and not business income? [C] Whether, on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in law in directing the Assessing officer that where the shares are held for more than a month, but less than a year, the income should be treated as short term capital gain and where the shares are held by the assessee for less than a month then the income should be treated as profit from business for the amount of ₹ 79,92,480/-?"
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